Radian Group (NYSE:RDN) Trading Down 2.6%

Radian Group Inc. (NYSE:RDN - Get Free Report)'s stock price traded down 2.6% during trading on Thursday . The company traded as low as $31.84 and last traded at $31.90. 107,609 shares traded hands during mid-day trading, a decline of 92% from the average session volume of 1,361,975 shares. The stock had previously closed at $32.74.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Keefe, Bruyette & Woods restated a "market perform" rating and issued a $35.00 price target (down from $36.00) on shares of Radian Group in a research report on Thursday. UBS Group started coverage on shares of Radian Group in a research report on Wednesday, December 6th. They set a "neutral" rating and a $28.00 target price on the stock. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $29.80.

Radian Group Stock Performance

The company has a debt-to-equity ratio of 0.35, a current ratio of 1.65 and a quick ratio of 1.65. The firm has a market capitalization of $4.72 billion, a P/E ratio of 8.66, a P/E/G ratio of 2.01 and a beta of 1.02. The stock's 50 day moving average is $29.90 and its two-hundred day moving average is $27.85.

Radian Group (NYSE:RDN - Get Free Report) last posted its quarterly earnings results on Wednesday, February 7th. The insurance provider reported $0.96 earnings per share for the quarter, topping analysts' consensus estimates of $0.86 by $0.10. The business had revenue of $328.64 million during the quarter, compared to the consensus estimate of $319.04 million. Radian Group had a net margin of 48.51% and a return on equity of 14.75%. Radian Group's revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.05 earnings per share. As a group, equities analysts anticipate that Radian Group Inc. will post 3.27 earnings per share for the current fiscal year.

Radian Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Monday, February 26th were issued a $0.245 dividend. The ex-dividend date of this dividend was Friday, February 23rd. This is a positive change from Radian Group's previous quarterly dividend of $0.23. This represents a $0.98 annualized dividend and a yield of 3.15%. Radian Group's dividend payout ratio (DPR) is 25.93%.

Institutional Investors Weigh In On Radian Group

Several hedge funds have recently bought and sold shares of RDN. Hexagon Capital Partners LLC raised its holdings in shares of Radian Group by 145.1% during the fourth quarter. Hexagon Capital Partners LLC now owns 941 shares of the insurance provider's stock worth $27,000 after acquiring an additional 557 shares during the period. Point72 Middle East FZE bought a new position in shares of Radian Group in the 4th quarter valued at about $37,000. West Tower Group LLC bought a new position in shares of Radian Group in the 4th quarter valued at about $45,000. Johnson Financial Group Inc. bought a new stake in shares of Radian Group during the 4th quarter worth about $46,000. Finally, Virtus Fund Advisers LLC bought a new stake in shares of Radian Group during the 4th quarter worth about $48,000. 95.33% of the stock is currently owned by institutional investors and hedge funds.

Radian Group Company Profile

Radian Group Inc, together with its subsidiaries, engages in the mortgage and real estate services business in the United States. It operates through two segments, Mortgage Insurance and Homegenius segments. The Mortgage Insurance segment aggregates, manages, and distributes U.S. mortgage credit risk for mortgage lending institutions and mortgage credit investors, through private mortgage insurance on residential first-lien mortgage loans; and other credit risk management solutions, including contract underwriting.